Source: FX Empire
The official website of the Kataeb Party leader
Security & Justice
Hamas Seeks Civil Rights for Palestinian Refugees as Condition for Disarmament in Lebanon
Efforts to enforce the decision to restrict weapons solely to the Lebanese state, beginning with Palestinian refugee camps, are facing major obstacles, according to Nidaa Al Watan. The military wing of Hamas has resisted the move, employing strategies similar to those used by Hezbollah to maintain its arsenal.
Monday, April 28, 2025
Israeli Jets Strike Beirut’s Southern Suburbs for the Third Time Since a Ceasefire Began
Israeli jets struck Beirut’s southern suburbs Sunday after issuing a warning about an hour earlier, marking the third Israeli strike on the area since a ceasefire took effect in late November.
Monday, April 28, 2025
Opinion
Why Lebanon's Joseph Aoun Is Treading Cautiously on the Issue of Disarming Hezbollah
Last week, Lebanese President Joseph Aoun stated that “the decision has been taken” to give the state a monopoly over weapons in the country, albeit through dialogue and not force. The statement was directed primarily at Hezbollah and echoed the President’s inaugural address and the government’s policy statement, at a time when there is increasing pressure on Lebanon, from inside and outside, to disarm the group.
Wednesday, April 23, 2025
What Happens in Beirut Matters to Ankara
With the collapse of the Assad regime in Syria, Turkiye’s relations with Syria’s neighbors such as Lebanon, Jordan, and Iraq, have entered a new phase. In Lebanon last week, Turkiye and its position in the region was a significant topic of discussion.
Saturday, April 19, 2025
Sports
First Place on the Line in Madrid Derby as Real and Atletico Squabble Over Refereeing
Real Madrid and Atletico Madrid meet in their second derby of the season with the Liga lead on the line and the focus on refereeing. Real Madrid has spent the days ahead of Saturday’s match complaining of mistakes against the club.
Thursday, February 6, 2025
Zhou Guanyu Joins Ferrari as a Reserve Driver for 2025 F1 Season
The first Chinese driver in Formula 1, Zhou Guanyu, is heading back to Ferrari as one of its reserve drivers for the 2025 season.
Wednesday, February 5, 2025
Friday 29 March 2024 11:01:11
Natural Gas and Oil Forecast: Middle East Strife Spurs Rise; Buying Ahead?
Oil Prices Rally: Q1 ends with gains as Russian output cuts ease global supply surplus fears.
Market Overview
Oil prices increased during the previous session, concluding the first quarter with significant gains, driven by anticipated reductions in Russian output, alleviating fears of a global supply surplus. The tight supply situation, influenced by production cuts from Russia and OPEC members, including Saudi Arabia, contributed to the quarter’s strong performance.
Russia’s commitment to extend production cuts and the impact of attacks on its fuel refineries tightened supply further. Additionally, geopolitical tensions in the Middle East, particularly from the Israel-Hamas conflict and disruptions in the Red Sea, supported oil prices.
Natural gas and oil price forecasts are impacted by these dynamics, with potential upward pressure due to constrained supply and geopolitical risks. Investors are now focused on the upcoming OPEC meeting for further direction, although significant policy changes are not anticipated until June.
Impact on Natural Gas and Oil Prices: The ongoing production cuts and geopolitical tensions are likely to maintain upward pressure on oil and natural gas prices. The market will closely monitor OPEC’s upcoming decisions for further price direction.
Natural Gas Price Forecast
Natural Gas (NG) surged to $1.7870, marking a 2.58% increase. The pivot point at $1.7982 is crucial; breaching this could affirm a bullish trend. Resistance levels are set at $1.8439, $1.8759, and $1.9166, indicating potential upward momentum.
Conversely, support levels at $1.7208, $1.6793, and $1.6321 highlight downside risks. The 50 EMA at $1.7993 aligns closely with the pivot, suggesting a balanced market sentiment, while the 200 EMA at $1.8801 points to higher long-term potential. Overall, the trend is bullish above $1.7982, but falling below this level could trigger a sharp sell-off.
WTI Oil Price Forecast
The 50-day EMA at $81.36 and the 200-day EMA at $79.28 both underscore a strengthening market trend. The overall market sentiment for USOIL is bullish above $82.90, with a downside risk if it drops below this threshold.
Brent Oil Price Forecast
On March 29, UKOIL increased to $86.92, showing a 1.49% rise. Positioned just above the pivot point of $86.49, the commodity faces immediate resistance at $87.29, with further barriers at $88.14 and $89.00. Support levels are noted at $85.61, $84.69, and $83.94.
The 50-day EMA at $85.60 and the 200-day EMA at $83.74 both suggest a potential for continued bullish behavior, reinforced by the ‘Three White Soldiers’ pattern and a breakout from the symmetrical triangle.
Therefore, the trend for UKOIL is bullish above $86.49, yet a descent below this mark could lead to significant selling pressure.
For a look at all of today’s economic events, check out our economic calendar.